Bitcoin and Ethereum hovered at three-month highs as traders cautiously welcomed a promise from Russia to "drastically reduce" military operations in Kyiv and Chernihiv following peace talks. The largest coin by market cap was fell 0.26% to US$47,487 ending a streak of 14 days of consecutive gains.
The energy used by Bitcoin mining could be slashed 99% if the coding was changed, an environmental lobby group said. The campaign, called Change the Code Not the Climate, urged miners to change the software code to ‘proof of stake’ rather than ‘proof of work’ to cut Bitcoin's already massive carbon footprint.